XML 51 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
6 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Condensed Consolidated Statements Of Cash Flows [Abstract]    
Net loss $ (6,326,000) $ (3,978,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,421,000 430,000
Stock issued under severance agreements 825,000 0
Stock issued to investors to amend subscription agreements 285,000 0
Warrant penalty 23,000 0
Gain on extinguishment of debt (727,000) 0
Amortization of stock issued for services 636,000 24,000
Troubled debt restructuring loss 0 25,000
Depreciation and amortization 140,000 158,000
Amortization of deferred financing costs 0 215,000
Change in fair value of derivative liability 59,000 (240,000)
Amortization of debt discount 0 371,000
Changes in operating assets and liabilities:    
Accounts receivable 9,000 5,000
Inventories (64,000) 25,000
Prepaid expenses (16,000) 23,000
Accounts payable and accrued liabilities (275,000) 234,000
Deferred rent (3,000) (1,000)
Net cash used in operating activities (4,013,000) (2,709,000)
Investing activities    
Investment in patents (61,000) (131,000)
Purchases of property, plant and equipment (21,000) (11,000)
Net cash used in investing activities (82,000) (142,000)
Financing activities    
Net proceeds from the sale of common stock 4,664,000 4,227,000
Net proceeds from the exercise of warrants 163,000 0
Payment of Bridge Loan 0 (1,333,000)
Payment on note payable (528,000) 0
Net cash provided by financing activities 4,299,000 2,894,000
Net increase in cash and cash equivalents 204,000 43,000
Cash and cash equivalents at beginning of period 32,000 877,000
Cash and cash equivalents at end of period 236,000 920,000
Supplemental disclosure of cash flow information    
Cash paid for taxes 4,000 0
Supplemental disclosure of non-cash investing and financing activities    
Common stock issued for prepaid services 175,000 0
Common stock issued in connection with financing 283,000 0
Settlement of warrant liability $ (56,000) $ 0